Brexit deal is going to decide the direction on EURGBP

EUR/GBP Analysis

EUR/GBP is ranging from 0.83 until 0.93 for last 4 years. BREXIT DEAL will decide which direction the market should go on EUR/GBP.

eurgbp ascending triangle pattern going to end soon

EUR/GBP has formed an Ascending Triangle Pattern in the weekly Chart. BREXIT DEAL is going to break this triangle pattern soon, let’s wait for the confirmation of breakout to see big movements on EUR/GBP.

symmetrical triangle analysis in eurgbp wait for breakout

EUR/GBP reached the top zone of the symmetrical triangle pattern in the daily timeframe chart. Let’s wait for the breakout or reversal.

BREXIT TALKS

EU President von der leyen in brexit talks during corona virus

European Union Commission President, Von der Leyen said there is more option for No-deal Brexit is possible.

But still, last hopes in Sunday meeting will decide the last chance to enter the deal or no deal. The pound looks weak after this news release.

ECB holds interest rate decision same and Adds PEPP of 500 billion Euro to continue until March 2022.

EU-UK Brexit talks make it more difficult to support the Great Britain Pound to rise. 

Let’s wait for the DEAL/NO-DEAL result to pick the direction on EUR/GBP.

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